NZDUSD has been trending lower since March, generating a profound structure of lower highs and lower lows. Even though the pair has posted a moderate recovery after finding its feet at the 30-month low of 0.5510, Read more…
Markets First releases of EMU November CPI in several EMU members states fueled the debate whether or not EMU inflation has reached its peak. Spanish headline inflation dropped faster than expected (HICP -0.5% M/M and Read more…
Gold struggles as the US dollar bounces due to repositioning ahead of the job report. The price has been consolidating above the previous double top formed by September’s and October’s highs near 1725, which sits Read more…
The Canadian dollar tumbled over a deceleration in the Q3 GDP. A series of higher lows had already shown growing buying pressure. A break above 1.3570, a support-turned-resistance from a sell-off earlier this month may Read more…
The Swiss franc weakened after the Q3 GDP fell short of expectations. A tentative break below last August’s low of 0.9380 further put the bulls on the defensive. Multiple tests at this level show strong Read more…
Daily Pivots: (S1) 165.28; (P) 165.98; (R1) 166.42; More… Intraday bias in GBP/JPY stays mildly on the downside for retesting 163.02 support. Break there will resume whole decline from 172.11 to 159.71 support next. For Read more…
Daily Pivots: (S1) 142.83; (P) 143.43; (R1) 143.84; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 142.52 support will extend the decline from 148.38, to 61.8% retracement of Read more…
Daily Pivots: (S1) 0.8617; (P) 0.8634; (R1) 0.8661; More… Intraday bias in EUR/GBP is mildly on the upside for stronger recovery. But overall outlook will remain bearish as long as 0.8827 resistance holds. Firm break Read more…
Daily Pivots: (S1) 1.5355; (P) 1.5460; (R1) 1.5548; More… Consolidation from 1.5704 is extending and intraday bias in EUR/AUD remains neutral first. . In case of another fall, downside should be contained by 55 day Read more…
Daily Pivots: (S1) 0.9820; (P) 0.9846; (R1) 0.9881; More…. Intraday bias in EUR/CHF remains neutral as corrective pattern form 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…